Consumers flock to multifamily properties via HousingWire

Multifamily construction remained stronger than single-family construction across the majority of districts in the Federal Reserve’s latest Beige Book, an anecdotal report from the Federal Reserve District and Banks. Overall in single-family housing, things slowed considerably since June, when all districts reported housing strength.

However, the book states that the rise in multifamily construction comes at time when Americans want to pursue purchasing their own property, but continue to face tighter lending and credit standards.

Read more...Consumers flock to multifamily properties | 2013-10-16 | HousingWire